Why Are Personal Care Product Manufacturers Using Ethanolamines?

According to the World Population Prospects 2019 by the Population Division of the United Nations Department of Economic and Social Affairs (UNDESA), the global population will surge from 7.7 billion in 2019 to around 9.7 billion by 2050. The booming population will create a huge requirement for agricultural products in the upcoming years. To meet the high demand, farmers are using agrochemicals in abundance. Thus, the escalating use of agrochemicals, such as glyphosate, as an herbicide, will propel the consumption of ethanolamines in the foreseeable future.

In addition, the mounting demand for surfactants and emulsifying ingredients will drive the ethanolamines market at a CAGR of 5% during the forecast period (2020–2030). The market was valued at $2,933.5 million in 2019, and it is projected to generate $5,079.0 million by 2030. Ethanolamines are used as emulsifying ingredients and surfactants in personal care products, such as shampoos, soaps, and laundry detergents. Thus, the increasing use of personal care products, on account of the mounting consumer spending and increasing availability of such products, will supplement the market growth.

Asia-Pacific used the highest volume of ethanolamines in the recent past, and it is expected to generate the highest demand for it in the coming years as well, as per P&S Intelligence. This can be primarily attributed to the increasing consumption of this chemical compound in the manufacturing sector of China, which imports a huge quantity of ethanolamines from Saudi Arabia and Thailand. Moreover, the expanding end-use industries in India, Vietnam, and Thailand will propel the consumption of the compound in the region in the foreseeable future.

Rest of the World (RoW) is expected to register the fastest growth in the ethanolamines market during the forecast period. This is credited to the surging number of manufacturing facilities in Saudi Arabia and Brazil. The expanding capacity of the manufacturing sector will result in the large-scale production of finished goods that use this compound in abundance. Additionally, the rising inclination of market players toward RoW will support the market growth in the forecast years.

Therefore, the mushrooming demand for agrochemicals, surfactants, and emulsifying substances will boost the consumption of ethanolamines.

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